Medical Devices Industry News

Dialysis is a process that involves clinical purification of blood, by removing waste such as urea, creatinine, and excess water from blood and is majorly used as an artificial replacement of kidney function in the patients. Dialysis also find its application in patients suffering from chronic renal failure, renal diseases, and kidney transplant. According to the Centers for Disease Control and Prevention (CDC), around 4.9 million adults were diagnosed with the kidney diseases, in the U.S., in 2015. Therefore, the rising prevalence of chronic renal disease has been fueling the demand of dialysis products and services, leading the overall growth of global dialysis market. The dialysis market is broadly classified into two major systems, namely hemodialysis and peritoneal dialysis. Hemodialysis is further categorized as conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis, and peritoneal dialysis is bifurcated as continuous ambulatory peritoneal dial...

The diagnostic imaging systems market in North America is forecasted to generate revenue worth $17.7 billion by 2024, progressing at a CAGR of 5.0% during the forecast period. Rising technological advancements, surging geriatric population, and increasing prevalence of chronic diseases are the key factors driving the market growth, according to P&S Intelligence. X-ray imaging systems, magnetic resonance imaging (MRI) systems, ultrasound systems, computed tomography (CT) scanners, and nuclear imaging systems are the main products available in the North American diagnostic imaging systems market. Among these, nuclear imaging systems are expected to show fastest growth in the regional market during the forecast period, primarily on account of their ability to identify abnormalities in the progression of a disease at its early stage. According to the World Cancer Research Fund International, the U.S. ranks 5th in the world for age-standardized rates for all types of canc...